Jacob Ashworth
Seeking Insights into Book Selection
Dear BP Community,I am interested in purchasing a condo, and using it as a medium term rental. However, my education into condos is limited. What would be the best book to read in order to get a better grasp on invest...
Bryan Martineau
401k to solo 401k, or SDIRA, or other options?
My wife has a Roth IRA, and I have a 401k. We are wanting to buy a third multi unit and and wanting to tap into these funds for this investment, However I am lost as to which route to take in doing this. We also have ...
Glenda Powers
Mother-in-law suite vs bedroom, bath, laundry
I'm building out my basement to include a rental space. Due to zoning, I could not have a full kitchen without going duplex and that added too much expense to the build.
I'm adding 750 square feet with the basemen...
Cory Rogers
Tax deductions
BP, I read somewhere that I could claim my real estate education as a tax deduction, but my tax accountant told me that is not true. (By my understanding ) - He said RE education can only be claimed if you are alread...
Jim Doyle
First Seattle Area House Hack - Running the Numbers - Thoughts??
Hi All,
I’m looking to purchase my first duplex in the Seattle WA area and started to use the Bigger Pockets calculator to run some numbers. The intention would be to have a house hack in the Seattle Market, I will b...
Zachary Gray
Cost Segregation on Commercial Build Out
Question for the masses:
If I did a commercial build out for my business on a building that I do not own would you need a cost segregation to utilize accelerated depreciation of paid in capital or would you be able ...
Diego Lopez
[Calc Review] Help me analyze this deal
View report*This link comes directly from our calculators, based on information input by the member who posted.
John Hole
De Minimis Safe Harbor or Safe Harbor for Small Taxpayers
I just replaced a refrigerator in my rental last year. The cost of the fridge was more than the $2500 ( $2499 + tax + shipping). Assuming that it is the only expense I have for my rental, can I expense the cost of t...
Ayoka Moss
Tax deductible? - tenants rented for a month while I started capital improvements -
Hi, I just want to understand if I bought a property (quad) and received rent while I started the capital improvements .. can I deduct the expenses of the rehab still? This was a major rehab over 6 figures. Ty and ha...
Michael Cummins
Bookkeeping Software recommendations
Hey guys,I have been using a spreadsheet that I have customized to do what I need it to since I started buy and hold investing. Now 10 in, I'm finding that a lot more cumbersome than I used to, and think its time for...